VST Industries Limited announced that the board of directors, based on the recommendation of the nomination and remuneration committee, have at their meeting held on October 31, 2017, approved the appointment of Mr. Devraj Lahiri, the existing deputy managing director, as the managing director of the company, a key managerial personnel with effect from November 28, 2017, for the period of five years subject to the approval of the shareholders at the upcoming annual general meeting of the company. Mr. N. Sai Sanker, the existing managing director superannuates on November 27, 2017. Devraj Lahiri is also a director on the board of the Tobacco Institute of India.

He has been instrumental in the growth of the company and successfully launched various new brands. Prior to this, he worked with NFO Singapore.